4,950 Shares in Frontdoor, Inc. (NASDAQ:FTDR) Acquired by Martingale Asset Management L P

Martingale Asset Management L P purchased a new position in Frontdoor, Inc. (NASDAQ:FTDR) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,950 shares of the company’s stock, valued at approximately $238,000.

Other large investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in shares of Frontdoor during the 3rd quarter worth approximately $27,000. GAMMA Investing LLC raised its holdings in shares of Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after acquiring an additional 418 shares in the last quarter. V Square Quantitative Management LLC bought a new position in shares of Frontdoor during the 3rd quarter valued at approximately $31,000. Isthmus Partners LLC increased its position in shares of Frontdoor by 0.5% during the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after purchasing an additional 603 shares during the last quarter. Finally, Quarry LP increased its position in shares of Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after purchasing an additional 894 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. The Goldman Sachs Group increased their price target on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Truist Financial increased their price objective on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their price objective on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $49.50.

Frontdoor Stock Up 1.7 %

Frontdoor stock opened at $59.39 on Thursday. The firm has a market cap of $4.50 billion, a price-to-earnings ratio of 19.67 and a beta of 1.08. Frontdoor, Inc. has a 52 week low of $29.41 and a 52 week high of $60.42. The business’s 50-day moving average price is $52.95 and its 200 day moving average price is $44.88. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The company had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. During the same period last year, the company earned $0.94 earnings per share. Frontdoor’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Frontdoor, Inc. will post 3.14 earnings per share for the current year.

Frontdoor Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.